Retirement

Medicare Trustees Reports 2010 and 2009: What a Difference a Year Makes

The new federal health care law - the Patient Protection and Affordable Care Act (or ACA) - uses cuts in Medicare to fund additional federal health care spending on nonseniors. The cuts come from redu…

How to Reduce Disability: Lessons from Chile

Disability costs are rising in many countries, including the United States. Disability is the fastest-rising component of U.S. Social Security, growing at nearly twice the rate of retirement benefit s…

How to Keep Seniors Working: Lessons from Chile

American workers live longer each decade but they continue to retire early. They often begin receiving Social Security benefits, quit working and stop contributing to national output well before age 6…

Unfunded Liabilities of State and Local Government Employee Retirement Benefit Plans

Investors breathed a tentative sigh of relief in recent months as they watched their retirement accounts make up for lost ground. Just a few months earlier, as they watched their 401(k)s weather drama…

Preparing for Retirement in an Uncertain World

In previous generations, many workers could expect to automatically receive a steady stream of retirement income from Social Security and a pension from their union or employer. Like Social Security,…

Chile's New Pension Reforms

In 2008 Chile initiated a major reform to its personal account social security system. The personal account system, established in 1981, replaced a traditional pay-as-you-go (PAYGO) system in which wo…

10 Ways to Wreck Your Retirement

People have a great deal of control over whether or not their retirement will be comfortable. Millions of Americans are preparing for retirement by saving in tax-favored retirement accounts - principa…

Roth 2010: Should You Convert?

Beginning in 2010, a new rule change allows people with an Individual Retirement Account (IRA) to reduce their tax burden at retirement by converting a traditional IRA into a Roth IRA. Before deciding…